 |
| Hsun-hai class corvette (File Photo) |
One of China's top military electronics companies has secured a credit worth 35 billion yuan (US$5.6 billion) for international sales activities, reports UK-based Jane's Defence Weekly.
The China Electronics Technology Group Corporation (CETC) will be granted the fund through a strategic cooperation agreement it signed with the Export-Import Bank of China earlier this month, according to China's State Administration for Science, Technology and Industry for National Defense (SASTIND).
The funds would enable CETC to offer its customers access to export credit, preferential loans and other financial mechanisms, SASTIND said.
Read the full story at Want China Times